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You can click here to find out more details on the 1099 -NEC form. It should be available by February 1.
I believe it's ready now. You have to issue it by Feb 1.
You need to give a 1099NEC (previous a 1099Misc) to anyone you paid $600 or more to for the year. But not to corporations or for merchandise. You send the IRS a copy of the 1099Misc with the transmittal summary form 1096. These are due to the person by Jan 31 and to the IRS by Jan 31 also.
Starting in 2020 they added a new 1099NEC form to replace the 1099Misc. If you are using the Online Self Employed version or Desktop Home & Business program or Business program you can use Turbo Tax.
For Online Self Employed version,
Log into your account
Scroll down to Your Account and click on Show
Click on Create W-2s and 1099s
In your return, Anywhere on any screen you see....
Help me prepare and file W-2s and 1099s
Click on it and the side box will open, Then click on Quick Employer Formsin the side box.
Or from the Account Screen it will take you directly to Quick Employer Forms
See my answer with screen shots at the end of this thread
Here's some other links.....
What is Quick Employer Forms
https://ttlc.intuit.com/community/forms/help/what-is-quick-employer-forms/00/25916
How to create W2s and 1099
https://ttlc.intuit.com/community/forms/help/how-do-i-create-w-2-and-1099-forms-in-turbotax/00/25869
or here is IRS 1099NEC
https://www.irs.gov/pub/irs-pdf/f1099nec_20.pdf
And instructions for 2021 (can't find 2020 instructions)
https://www.irs.gov/pub/irs-pdf/i1099mec.pdf
You will also need the 2020 1096 Transmittal
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